$250,000
SOLD MAR 20, 2025

5877 N Granite Reef Rd Unit 2224 Scottsdale, AZ 85250

Indian Bend Neighborhood
1 Bed
1 Bath
680 Sq Ft
$286/mo HOA Fee

Recently Sold

$368 Per Sq Ft

4% Above List Price

14 Days on Market

Highlights

  • Fitness Center
  • Furnished
  • Community Pool
  • Pueblo Elementary School Rated A
  • Granite Countertops
  • Tennis Courts

About This Home

As of March 2025

This quaint and thoughtfully designed well maintained condominium located in a vibrant Scottsdale community welcomes you home! Walk inside and be greeted with new door and windows, new hot water tank, double pane windows, and beautiful new carpet and upgraded pad throughout. Cook up your favorite meal in your galley style kitchen featuring granite countertops, upgraded cabinetry, undermount sink, and sleek black appliances. Additional updates include water heater, A/C shut off valves, granite countertops in the bathroom, and paint that includes walls and ceiling. The community amenities elevate your lifestyle with a pool and spa, tennis courts, a fitness center, BBQ areas, and enhanced security with cameras throughout. The HOA fee includes access to these incredible amenities, as well as water, sewer, trash, A/C services, and recently resealed roof in 2024. Plus, the chiller system helps keep your unit impressively cold during the warm Arizona summers. Located minutes to old town Scottsdale, ASU, major freeways, sky harbor airport, shopping, dining, and much more! Buyers currently living in Maricopa or Pinal County ask about an ADDITIONAL $7,000 home buyer credit available via the Community Promise Program.

Last Agent to Sell the Property

Garett Chatham

eXp Realty License #SA666277000 Listed on: 01/23/2025

eXp Realty

Last Buyer's Agent

Krzysztof Okolita

Real Broker License #SA671773000

Real Broker

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $443

Year Built

  • Built in 1980

Lot Details

  • 665 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence

HOA Fees

  • $286 Monthly HOA Fees

Home Design

  • Roof Updated in 2024
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 680 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Double Pane Windows

Kitchen

  • Built-In Microwave
  • Granite Countertops

Flooring

  • Floors Updated in 2022
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary Bathroom is a Full Bathroom
  • 1 Bathroom

Parking

  • 1 Carport Space
  • Common or Shared Parking

Outdoor Features

  • Balcony
  • Patio

Schools

  • Kiva Elementary School
  • Mohave Middle School
  • Saguaro High School

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating Available
  • Plumbing System Updated in 2021

Listing and Financial Details

  • Tax Lot 2224
  • Assessor Parcel Number 173-75-357

Community Details

Overview

  • Association fees include sewer, (see remarks), trash, water, roof replacement
  • Heywood Management Association, Phone Number (480) 820-1519
  • Monterra Scottsdale Residences Condominium Subdivision

Amenities

  • Recreation Room

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$443

Year Built

Built in 1980

Lot Details

0

HOA Fees

$286 per month

Listing Details

  • Cross Street: McDonald
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 286.04
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2022
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2021
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2024
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1980
  • Tax Year: 2024
  • Directions: 101 exit McDonald, south on Granite Reef Rd., community is on left.
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: MONTERRA SCOTTSDALE RESIDENCES CONDOMINIUM
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 286.04
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Furnished(See Rmrks), Full Bth Master Bdrm
  • Living Area: 680.0
  • Stories: 2
  • Window Features: Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Balcony
  • Lot Features: Desert Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Common
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features:Common: Yes

Utilities

  • Electric: 220 Volts in Kitchen
  • Cooling: Both Refrig & Evap
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Spa, Community Spa Htd, Community Pool, Tennis Court(s), Fitness Center
  • Association Fee: 286.04
  • Association Fee Frequency: Monthly
  • Association Name: Monterra Scottsdale
  • Phone: 480-820-1519
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 437.5
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Monterra Scottsdale
  • Association Fees:HOA Telephone4: 480-820-1519
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 572.08
  • Association Fees:Disclosure Fees HOA: 183.5
  • Association Fees:Other Fees HOA: 278.0
  • Association Fees:Other Fees Description: HOA Membership CC&R Inspection Fee $247 & title pr
  • Association Fees:HOA Management Company: Heywood Management
  • Association Fees:HOA Management Phone: 480-820-1519
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Sewer, Other (See Remarks), Trash, Water, Roof Replacement

Schools

  • Elementary School: Kiva Elementary School
  • High School: Saguaro High School
  • Junior High Dist: Scottsdale Unified District
  • Middle Or Junior School: Mohave Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 665.0
  • Parcel #: 173-75-357

Building Info

  • Builder Name: unk

Tax Info

  • Tax Annual Amount: 443.0
  • Tax Book Number: 173.00
  • Tax Lot: 2224
  • Tax Map Number: 75.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2025
Closed on
Mar 7, 2025
Sold by
Drass Richard
Bought by
Downham Jennifer S
Seller's Agent
Garett Chatham
eXp Realty
Buyer's Agent
Krzysztof Okolita
Real Broker
List Price
$239,900
Sold Price
$250,000
Premium/Discount to List
$10,100
4.21%
Total Days on Market
14
Views
9

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.88%
Original Mortgage
$245,471
Outstanding Balance
$245,265
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
$1,123
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,000 Wfg National Title Insurance C
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $245,471 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2025 03/20/25 Sold $250,000 +4.2% $368 / Sq Ft
02/06/2025 02/06/25 Price Changed $239,850 0.0% $353 / Sq Ft
01/23/2025 01/23/25 For Sale $239,900 -- $353 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $443 $8,073 -- --
2024 $451 $7,689 -- --
2023 $451 $16,250 $3,250 $13,000
2022 $429 $12,730 $2,540 $10,190
2021 $465 $11,350 $2,270 $9,080
2020 $461 $10,220 $2,040 $8,180
2019 $447 $9,570 $1,910 $7,660
2018 $437 $8,500 $1,700 $6,800
2017 $412 $7,960 $1,590 $6,370
2016 $404 $6,680 $1,330 $5,350
2015 $451 $5,800 $1,160 $4,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6809398

Arizona Regional Multiple Listing Service (ARMLS)

APN: 173-75-357